Profit or LossSo ? The Big Question ?
Will Largo be able to post a profit ? Or Not
That will be of the utmost of importance!
Average annual cash operating costs excluding royalties1 guidance lowered to US$3.30 to $3.40 per pound of V2O5; Production guidance maintained
Should they be able to operate profitably , we will be ok!
If Glencore brings the price so low that they declare now per the contract
Largo MUST now pay Glencore for each and every pound to take it away and cannot slow down.
What shall be ?
The Largo management needs to explain each and everything to show they are on top of all the issues
At least ( Hopefully) we are still debt free and doing better on production!
And the quality leader in Vanadium
Staying strong , with a lot of help from friends :)
Sk